Archive for June, 2009:

The Enterprising Investor’s Guide 6-29-2009

{ Posted on Jun 29 2009 by Ockham Research Staff }
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Categories : All, Ockham
The price-to-peak earnings multiple held steady last week at 10.3x.  The heated rally that has pushed the stock market upwards almost without interruption since March appears to be cooling significantly.  For the first time since March, the S&P 500 closed ...Read More »

The $2.7 Billion Tax Break for Captain Morgan, and Other Lowlights From TARPy McStimulus

{ Posted on Jun 29 2009 by Matt Welch }
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Categories : All, Reason Magazine - Economics
Step 1: Watch the government panic. Step 2: Be a rich company. Step 3: Profit! Here's your daily must-read, for the masochists among you: "Bailout of U.S. Banks Gives British Rum a $2.7 Billion Benefit." It's a grisly tale ...Read More »

Fairfield Greenwich Group Is Back Open For Business

{ Posted on Jun 29 2009 by John Carney }
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Categories : All, Clusterstock
The Manhattan offices of the Fairfield Greenwich Group are back open, according to a person familiar with the matter. The hedge fund was one of Bernie Madoff's biggest enablers, raising billions of dollars from outside investors that it wound up ...Read More »

Madoff Prosecutors Ask For 150 Years, Pardon Board Recommends 50 Years

{ Posted on Jun 29 2009 by John Carney }
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Categories : All, Clusterstock
Nine of Bernie Madoff's victimes will speak at his sentencing today. The first victim has just begun.  He is a retired New York City corrections officer, which is exactly the last person you'd ever want to speak at the hearing ...Read More »

Weekly Risk Report 06/29/2009

{ Posted on Jun 29 2009 by SignalPoint Blog }
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Categories : All, SignalPoint
The consolidation of rapid gains of the last quarter continued this last week. While not as exciting as watching a Cape Canaveral launch, it still has been far more comforting than the previous two quarters. The Price/Earnings ratio as represented ...Read More »

Reader Mailbag #69

{ Posted on Jun 29 2009 by Trent }
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Tags : , , , , , , , , ,
Categories : All, Learning, The Simple Dollar
Each Monday, The Simple Dollar opens up the reader mailbags and answers ten to twenty simple questions offered up by the readers on personal finance topics and many other things. Got a question? Ask it in the comments. You might ...Read More »

Why Would Anyone Want To Be A Regulator?

{ Posted on Jun 29 2009 by Joe Weisenthal }
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Categories : All, Clusterstock
One of the most basic problems with the belief that more or better regulations will prevent future financial crisis is the fact that almost all regulations are useless if the right people aren't enforcing them. Simple mental test: If regulators, 10 ...Read More »

Possibly a Great Paper.

{ Posted on Jun 29 2009 by Ken Houghton }
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Categories : All, Angry Bear
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Hey, Banks, S&P About To Downgrade $235 Billion Of Your Crappy CMBSs

{ Posted on Jun 29 2009 by Henry Blodget }
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Categories : All, Clusterstock
Tired of being beaten to a pulp for rating crap real-estate securities Triple-A, S&P is planning to revise the criteria by which it doles out this blessing on Commercial Mortgage-Backed Securities (CMBSs).  Of coure, it's doing this after-the-fact: Banks have already ...Read More »

Bank Of New York Mellon: The Write-Downs Will Keep Coming

{ Posted on Jun 29 2009 by John Carney }
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Categories : All, Clusterstock
Sorry, America. Mortgage assets at banks are still not written down all the way. Bank of New York Mellon's CEO was quoted in Swiss paper as saing that his bank will have further write-downs on the value of securitized mortgages it ...Read More »
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